news

Number of construction projects on the rise in Malaysia

KUALA LUMPUR: The number of construction projects in the second quarter of 2013 (2Q13) grew to 9,392 from 8,719 quarter-on-quarter (q-o-q), according to the Department of Statistics in its latest quarterly construction statistics report.

Year-on-year (y-o-y), the construction sector saw an increase of 7.7% in the number of projects, with values increasing to RM22.7 billion in 2Q13, from RM20.6 billion in 1Q13. Total value rose 10.2% in 2Q and increased 11.6% y-o-y.

In the quarter, civil engineering took the largest share of projects with 35.3%, followed by non-residential buildings (31.4%), residential buildings (28.5%) and special trade (4.8%).

Selangor has the highest value of construction work in the quarter with RM5.53 billion, or 24.3%. Johor came in second with RM3.29 billion (14.5%), Kuala Lumpur with RM3.28 billion (14.5%), Sarawak with RM2.3 billion (10.1%) and Perak with RM1.51 billion (6.7%). The contributions by these five states amounted to 70.1% of the overall value.

The private sector continues to dominate in terms of construction activity, recording an increase to 69.9% in 2Q from 68.9% in 1Q. This is followed by the public sector with 19.4%, and public corporations with 11%.

This article first appeared in The Edge Financial Daily, on August 16, 2013.


Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE